Fairfax Media takes final steps towards Domain separation

The final steps towards Domain’s breaking away from Fairfax Media were taken today with the company lodging the Federal Court orders with the Australian Securities Exchange.

Fairfax’s move follows yesterday’s Federal Court approval of the scheme of arrangement, which was passed almost unanimously by shareholders last week.

Domain CEO Antony Catalano

The Domain separation scheme, which will effectively halve Fairfax’s capitalisation, becomes effective immediately with the shares to start trading on Thursday, November 16.

Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

topics Antony CatalanoDomainFairfaxGreg Hywood

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Comments: 2

Numbers 7 Nov 17

So the Fairfax shareholders have got what they think they want: a separation of “Good” fairfax and “bad” fairfax. It would not surprise if once the rights are attributed we do not see an exit from fairfax in big numbers.
I’m looking forward to watching how Hywood gets his next bonus calculation.

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Nasha 8 Nov 17

Good luck to the team at Domain.

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